Former Plod in epic £330m VAT fraud fail

Discussion in 'The Intelligence Cell' started by Blogg, Nov 14, 2011.

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  1. Full marks for ambition and going for it. Zero marks for brainpower

    "A former policeman from South Yorkshire has been jailed for 10 years and three months today for his part in an attempted £330 million VAT fraud - the largest of its kind in the UK.

    He and five others were caught by investigators from HM Revenue & Customs (HMRC) after they claimed their new business, Ideas 2 Go Ltd, had sold more than six million mobile phones and had a turnover of more than £2.4 billion in just eight months.

    Using details from hijacked or fictitious companies the gang produced thousands of invoices for sales of mobile phones and computer software, producing billions of pounds in fabricated turnover, which generated around £330 million in fraudulent VAT repayments. Cranswick and his gang invented over 6,000 fake business transactions in an attempt to make the repayments appear legitimate.

    Ringleader Nigel Cranswick, 47, from Dinnington in South Yorkshire went from ‘rags to riches’ in a matter of weeks. Heavily in debt and only weeks into his new business venture, he quit his job as a serving policeman and began splashing out on extravagant purchases. He made lavish improvements to his home, rented a luxury apartment in the Spanish town of Marbella and paid for private schooling and tennis lessons for his children.

    Cranswick claimed that in the first six weeks of trading Ideas 2 Go had turned over more than £527million. The company had traded over £47million before they even got round to opening a bank account for the business."

    News : NDS
  2. Cold_Collation

    Cold_Collation LE Book Reviewer

    Indeed. Think I'll give it a go but ramp things up more subtly. Maybe a villa in Marbella, but next week not this one. Seems like a nice little earner.
  3. Cold_Collation

    Cold_Collation LE Book Reviewer

    Bit harsh...
  4. Indeed. VAT fraud on that scale only works if you get the dosh and then RUN AWAY. (See: Carbon Traders/VAT Fraud)
    • Like Like x 1
  5. Ha ha! You could nt make it up could you?

    527 mill in week 6!!

    Oh well, a few more of lifes failures off the streets.
  6. Am I alone in seeing the irony of this being in The 'Intelligence' Cell. If only he'd had two cells to rub together he might have seen the flaws in his plan.
  7. Shouldn't the title of this thread be "Serving Plod commits Fraud and is detected and convicted after he resigned?
  8. TheIronDuke

    TheIronDuke LE Book Reviewer

    Jesus. The Mobile Carousel fraud. Welcome to 2004. There is a reason it is sometimes known as the Missing Trader fraud. It is because when the Revenue come round for a chat, the trader is missing. Not supervising an extension to his house.
    • Like Like x 1
  9. Cold_Collation

    Cold_Collation LE Book Reviewer

    Keep going, keep going... I'm writing this all down.
  10. So if he'd limited his fraud to about 10% of its eventual size, he'd have still made a fortune but probably gone undetected - much like hundreds of others have....
  11. Cold_Collation

    Cold_Collation LE Book Reviewer

    Indeed. And to spend the money so visibly so quickly... not the sharpest tool in the box.

    Keep thinking of this...

    Constable Savage - YouTube
  12. Good result HMRC Criminal Investigation.